BOSPHORUSFINANCIAL SERVICES

FEDERAL + 50 STATES + WASHINGTON, D.C.

Rules change.
We explain what matters.

We review official tax publications and summarize important changes in clear, business-focused language.

VERIFIED AGAINST OFFICIAL SOURCES · SEPTEMBER 3, 2026
Read the latest summaries ↓

OFFICIAL UPDATES, PLAIN-LANGUAGE SUMMARY

Latest tax changes.
What they mean for your business.

We review official federal and state publications and explain selected business-relevant changes here in plain language.

FEDERAL · IRSKey federal tax changes affecting businesses in 2026Read our detailed analysis →
California

Numerous local California sales tax rates will change

The Los Angeles County total rate will rise from 9.75% to 10.25%; Perris from 7.75% to 8.75%; and Red Bluff from 7.50% to 8.50%. New total rates will also apply in many Los Angeles County cities.

WHAT SHOULD A BUSINESS DO?

Businesses making taxable sales in these areas should verify the destination rate with CDTFA and update POS settings before October 1.

Official source · CDTFA ↗
New York

Withholding tables and computation methods were updated

New York revised its 2026 State and Yonkers withholding tables to reflect enacted personal income tax rate reductions.

WHAT SHOULD A BUSINESS DO?

Employers and payroll providers with New York employees should use the revised tables for 2026 payrolls.

Official source · New York Tax Department ↗
Florida

The floating interest rate on tax balances is 11%

The Florida Department of Revenue published an 11% annual floating interest rate for both January 1–June 30 and July 1–December 31, 2026.

WHAT SHOULD A BUSINESS DO?

Businesses calculating interest on a late tax payment should verify the rate for the applicable period.

Official source · Florida Department of Revenue ↗
New York

Petroleum business tax filing frequency changed for commercial vessel operators

Form PT-350 filing frequency changed from monthly to annually.

WHAT SHOULD A BUSINESS DO?

This is limited to covered commercial vessel operators and is not a general filing change for all businesses.

Official source · New York Tax Department ↗
Bosphorus verification standard

We publish a summary only after matching its effective date, scope, and operative rule to an official federal or state source. Every update retains its official supporting link and editorial review date.

Last editorial review: September 3, 2026. This is a selected summary, not an exhaustive list of every federal, state, county, or city change. Applicability must be evaluated for each business.

WHAT WE MONITOR

From technical notice
to practical next step.

Each summary shows the effective date, who may be affected, and what a business should review.

01

Sales Tax & Nexus

Rates, sourcing, economic nexus, and filing frequencies.

02

Business & Secretary of State

Formation, annual reports, addresses, ownership, and dissolution.

03

Payroll & Employers

Employer registration, withholding, unemployment, and new-hire reporting.

04

Income & Franchise Taxes

State income, franchise, and entity-level obligations.

50-STATE OFFICIAL SOURCE DIRECTORY

Verify any update
at the official source.

Every summary includes its supporting source. You can also use this directory to reach any state’s official tax authority.

ALAlabamaOfficial tax authority ↗AKAlaskaOfficial tax authority ↗AZArizonaOfficial tax authority ↗ARArkansasOfficial tax authority ↗CACaliforniaOfficial tax authority ↗COColoradoOfficial tax authority ↗CTConnecticutOfficial tax authority ↗DEDelawareOfficial tax authority ↗FLFloridaOfficial tax authority ↗GAGeorgiaOfficial tax authority ↗HIHawaiiOfficial tax authority ↗IDIdahoOfficial tax authority ↗ILIllinoisOfficial tax authority ↗INIndianaOfficial tax authority ↗IAIowaOfficial tax authority ↗KSKansasOfficial tax authority ↗KYKentuckyOfficial tax authority ↗LALouisianaOfficial tax authority ↗MEMaineOfficial tax authority ↗MDMarylandOfficial tax authority ↗MAMassachusettsOfficial tax authority ↗MIMichiganOfficial tax authority ↗MNMinnesotaOfficial tax authority ↗MSMississippiOfficial tax authority ↗MOMissouriOfficial tax authority ↗MTMontanaOfficial tax authority ↗NENebraskaOfficial tax authority ↗NVNevadaOfficial tax authority ↗NHNew HampshireOfficial tax authority ↗NJNew JerseyOfficial tax authority ↗NMNew MexicoOfficial tax authority ↗NYNew YorkOfficial tax authority ↗NCNorth CarolinaOfficial tax authority ↗NDNorth DakotaOfficial tax authority ↗OHOhioOfficial tax authority ↗OKOklahomaOfficial tax authority ↗OROregonOfficial tax authority ↗PAPennsylvaniaOfficial tax authority ↗RIRhode IslandOfficial tax authority ↗SCSouth CarolinaOfficial tax authority ↗SDSouth DakotaOfficial tax authority ↗TNTennesseeOfficial tax authority ↗TXTexasOfficial tax authority ↗UTUtahOfficial tax authority ↗VTVermontOfficial tax authority ↗VAVirginiaOfficial tax authority ↗WAWashingtonOfficial tax authority ↗WVWest VirginiaOfficial tax authority ↗WIWisconsinOfficial tax authority ↗WYWyomingOfficial tax authority ↗DCWashington, D.C.Official tax authority ↗

YOUR STATE, YOUR FACTS

Let’s assess how a change
may apply to your business.

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